Gold UpdateXAUUSD has rejected the channel so we can enter a short position with a small stop loss
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Xauusdsignal
Thanksgiving: Trading Strategy for TodayMarket Review and Outlook:
In the early hours of Thursday’s Asian session, spot gold saw a 0.5% decline, hitting a two-day low of 2620.83. The dip was primarily driven by a rebound in the U.S. dollar and selling pressure after the failed rally in gold prices. Given that today coincides with the U.S. Thanksgiving holiday, the economic data calendar is light, and we expect gold to trade in a narrow range with subdued volatility. Traders who followed our shorting strategy near 2650 yesterday have already locked in profits.
With lower market liquidity due to the holiday, price action is expected to remain muted. Gold is likely to oscillate between 2620 support and 2640 resistance.
Today's Trading Strategy:
Sell Zone: Short positions near 2640 and above.
Buy Zone: Long positions near 2620 or lower.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Please ensure proper risk management and avoid overleveraging your trades.
Strong Economy = Weak Gold | XAUUSDPositive unemployment data is indirectly bad news for gold. Because good unemployment data = low probability of recession , Gold price was going up because of the probability of crisis increases.
That's why I think gold will lose this tiny reaction from the range low point at full speed and go to the boxes below.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
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xauusd sell limit orderThis trade is so risky. please consider the risk management and your broker's spread...
Entry: 2637.8
SL:2638.55
TP1: 2637(1:1RR)
TP2: 2634(1:5RR)
TP3: 2628.3(1:12.8RR)
Gold Buy Limit OrderDue to the Core PCE index report we're in a strong pullback. I highlighted this area as a good zone to enter this trade. It's more safe to wait for price to come to this area and then look for a CHoCH in lower TF for more confirmation to enter.
Entry: 2625
SL: 2619.6
TP1: 2630.75(1:1RR)
TP2: 2636.45(1:2.1RR)
TP3: 2643.4(1:3.4RR)
TP4: 2656.45(1:5.8RR)
TP5: 2663.8(1:7.2RR)
Let's wait & see..
Gold’s Key Support at RiskGold is once again in a downtrend, and the key level to watch is the support zone between 2618-2609. If this support holds, gold may form a double bottom, increasing the chances of a rebound.
However, if the support breaks, this could likely be the final leg of a five-wave downtrend, and the decline could be the largest of the current cycle, potentially breaking below 2600 and reaching 2580, or even lower.If you're looking to go long on gold (trend trading), you will need to wait for the end of the five-wave decline and for a clear bottoming pattern to form before making your move.
XAU ! Scalping , trade under 2700 ! The bears will prevailSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
US President-elect Donald Trump's promise to impose tariffs on imports from Canada, Mexico, and China sparked renewed safe-haven demand for Gold.
Meanwhile, Ukraine reported its largest Russian drone attack to date, alongside reports of Russia using a hypersonic missile last week and advancing at its quickest pace since the 2022 invasion. Allegations of North Korean troops being deployed in Ukraine further complicate the situation, while Ukraine's strikes on deep Russian targets using Western-supplied missiles increase the risk of further conflict escalation.
⭐️Personal comments NOVA:
Gold price is recovering. If it breaks through 2662, the buying force will still be strong and will wait for a stronger resistance area at 2688.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2688 - $2690 SL $2693
TP1: $2680
TP2: $2670
TP3: $2660
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAUUSD : Gold outlook for the coming weeksSeveral times three or even four "white soldiers" patterns in a row and the RSI value of above 80 on the monthly chart indicate that the next monthly candle for gold will probably be red.
Sorry, I've already started shorting goldBros, gold rose to the 2650-2660 area as expected, and we made a very good profit on the long position we held since yesterday. At present, gold has reached a high of around 2654. Then it is obvious that since gold fell from 2721 to 2604, its 50% split line is exactly in the 2660-2665 area; and in the short term, since gold fell from 2688 to 2604, its 61.8% split line is exactly in the 2655-2660 area. So gold faces resistance in the 2655-2665 area in the short term.
If the current rebound of gold is just a correction to the downward trend, then gold may still fall again when facing this resistance area. So I have reminded everyone that you can short gold near 2653, bros, wish us good luck!
Bros, have you shorted gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Building a Bottom Before ReboundWhether from the perspective of the 5-wave pattern or the support levels established during the previous uptrend, both suggest that the current price is forming a bottom region before a potential rebound. We need to be patient during this phase. Of course, I’m sure there are some traders who enjoy scalping—if that's the case, you can trade smaller intraday swings during the bottoming process. However, I would recommend focusing on buying at lower levels for better entry points.
XAUUSD SELL setup Gold price climbs above $2,650 on trade war concerns, sliding US bond yields and softer USD
Gold price sticks to modest intraday gains near a two-day high, above the $2,650 level, through the first half of the European session as geopolitical risks and US President-elect Donald Trump's tariff plans drive haven flows for the second straight day.
Hotter-than-expected US inflation data could raise further doubts about the Fed’s rate cut trajectory, reinforcing selling pressure around the Gold price.
The 21-day SMA crossed the 50-day SMA from above on a daily closing basis on Tuesday, confirming a Bear Cross.
Adding credence to the downside potential, the 14-day Relative Strength Index (RSI) remains below the 50 level, currently near 47.
Therefore, any upside attempts in Gold price could likely be sold into unless buyers find acceptance above the 21-day SMA and 50-day SMA crossover near $2,660.
The next topside barriers are at the $2,700 level and Monday’s high of $2,721.
Alternatively, the immediate support is at the previous day’s low of $2,605, below which a drop toward the 100-day SMA at $2,569 remains in the offing.A ceasefire between Israel and Lebanon helped reduce the haven demand for the Greenback, exerting additional downward pressure even though the Minutes of the US Federal Reserve (Fed )November meeting showed that officials were divided on further rate cuts.
Reuters reported, “a ceasefire between Israel and Iran-backed group Hezbollah came into effect at 0200 GMT on Wednesday after U.S. President Joe Biden said both sides accepted an agreement brokered by the United States and France.”
Hold on to the short position and don't give up!Bros, gold once rose to around 2658. Seeing the sharp rise in gold in the short term, have you given up your short position?
I still insist on holding short orders near 2653. Although gold rose sharply to near 2658 in a short period of time, it did not break through the 50% dividing line in the 2660-2665 area; and the daily level resistance is also located near 2660. and the daily level resistance is also located near 2660. So I have reason to believe that after gold fails to effectively break through the 2660-2665 area, it will usher in a wave of retracement in the short term, and the retracement target is 2640-2635 area.
Therefore, I still continue to hold a short position in gold and look forward to a good result and continue our winning streak!
Bros, have you shorted gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Rebound 2661 - still moving DOWN! XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold’s decline was limited by the escalating Ukraine-Russia conflict, which helped XAU/USD hold above the $2,600 per ounce level, despite the Greenback regaining some strength.
On the data front, the US Conference Board's Consumer Confidence for November came in stronger than both expectations and October's figures.
Looking ahead, key US economic reports this week include Durable Goods Orders, Initial Jobless Claims, and the Fed’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index.
⭐️Personal comments NOVA:
H1 frame shows signs of Gold breaking the rising trend, expected to recover to the 2662 area then follow the main trend DOWN by the end of 2024
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2661 - $2663 SL $2668
TP1: $2650
TP2: $2640
TP3: $2630
🔥BUY GOLD zone: $2607 - $2605 SL $2602 scalping
TP1: $2612
TP2: $2618
TP3: $2625
🔥BUY GOLD zone: $2582 - $2580 SL $2575
TP1: $2590
TP2: $2600
TP3: $2610
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD Updategold has formed a valid ascending channel
now we're waiting for this pair to break this channel and close a m30 candle below the last touch so we enter a short (sell) trade
Trade safe and happy trading
follow us for more pairs apdate and ideas
The most accurate gold trading signalsGold 4-hour level: Last night, it was under pressure and fell below the 10-day moving average, which was in line with the principle of weakness; and today, the Asian and European sessions fluctuated slowly upward and broke through the 10-day moving average, which showed some rebound strength. For tonight, the middle track 2658 is the next test. Once it fails to break through it, it will rise and fall again; Gold hourly level: From yesterday to now, the trend has been in the oscillating upward channel in the figure. Before the upper and lower tracks have broken through effectively, we should rely on the upper track to be bearish on highs and the lower track to be bullish on lows; At present, the upper track 2653 has some There are signs of pressure. The lower rail supports the upper rail in the range of 2633-30. If it repeatedly tests the upper rail, the derived pressure will be 2656. The important data tonight is 23 points of PCE. Once it rises as expected, it will suppress the gold price, which will easily swallow up the day's gains. Therefore, tonight, we tend to be bearish on rallies below 2653-56, and pay attention to the gains and losses of the lower rail support 2633-30. If it stabilizes and stabilizes, consider a rebound. If the big negative is lost, the weak pressure will continue, and then pay attention to the support of 2605.
It is recommended to go short near 2660, stop loss at 2670, target at 2648-2640; it is recommended to go long near 2630, stop loss at 2625, target at 2650-2658;
Gold rebounded beyond expectations, what to do?Today, gold successfully broke through the high of 2640 in the European session and has reached near 2655. The short-term bullish and bearish situation changed quickly, but the huge negative decline in the daily line laid the foundation for bearishness. Tonight's US session is expected to be a trend of rising and falling. Pay attention to the pressure near 2658 on the top and the support of 2630 on the bottom. If it falls below, it will continue to test the 2620 mark. The 1-hour moving average of gold is still a short-term arrangement of a dead cross downward. After the sharp drop in gold on Monday, gold continued to bottom out and rebounded yesterday, but it was still oscillating back and forth. Today, the rebound continued, but gold was still under the pressure of the previous low of 2658 in the 1-hour. Gold is still a rebound. The market is changing rapidly. It is normal to rebound after falling too much, but it is too early to define that gold has reversed. On the whole, today's short-term operation strategy for gold is to focus on rebound shorting and supplemented by callback longing. The short-term focus on the upper side is 2658-2660 resistance, and the short-term focus on the lower side is 2610-2605 support.
Target Achieved, Future OutlookAfter a prolonged period of consolidation, gold has finally reached above 2650, just as we predicted, bringing in great profits! The price is now in a selling pressure zone, with key data releases approaching. In this case, it's prudent to pause trading and observe the selling pressure around 2660. If the selling pressure is strong, you can follow the trend to short, but be mindful of the strong support zone below. As long as it holds, gold is likely to continue its upward movement. Therefore, do not hold short positions too long. If there's a second surge in volume and a breakout occurs, gold could rise towards the 2680 zone.
XAUUSD OUTLOOK H4 XAU/USD (Gold) with key features highlighted. Here's a breakdown of the analysis:
1. Order Block and FVG:
The upper blue zone represents an Order Block, an area of institutional interest where selling pressure may emerge.
The Fair Value Gap (FVG) is also marked, indicating a potential imbalance that the price might fill before continuing its movement.
2. Supply Zone:
The mid-level blue zone indicates a Supply Zone, where selling pressure is likely to push the price downward if tested.
3. CHoCH (Change of Character):
The dotted line labeled CHoCH signifies a structural shift from bullish to bearish momentum, marking the beginning of a downtrend.
4. Break of Structure (BOS):
BOS levels are identified, confirming bearish continuation with successive lower lows.
5. Future Projections:
If the price breaks through the resistance in the Supply Zone, it could potentially test the higher Order Block before a reversal.
Alternatively, failure to break resistance may result in a continuation of the bearish trend.
XAU/USD 27 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Yesterday's analysis and bias dated 26 November 2024 remains the same.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Trading Strategy Amid Geopolitical and Economic DataMarket Review and Outlook:
During the Asian session on Wednesday, gold attracted some follow-up buying, successfully holding support around the 2630 level and moving up to face significant resistance near the 2650 mark. The ongoing geopolitical risks related to the Russia-Ukraine conflict, coupled with concerns over President-elect Trump's tariff plans, have continued to drive safe-haven flows into precious metals for the second consecutive day.
However, the upward momentum seems to be lacking strength, and with today's key economic data releases—including the initial jobless claims and the U.S. October core PCE price index year-over-year—the market may see more defined direction. Thus, we will adopt a two-way strategy for trading gold today.
Today's Trading Strategy:
Sell Zone: Short positions can be considered between the 2645-2650 range.
Buy Zone: If the price falls back to 2630, look for opportunities to go long.
Market Watch: Given the economic data releases, anticipate increased volatility and stay prepared for quick adjustments.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always adhere to proper risk management practices and avoid overleveraging your trades.
gold upit seems XAUUSD going uptrend again, use the stop loss where implemented. TP2 will Triger if it can break the new ATH with an strong bullish candle, after that the new target will be around 3000$
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Don't expect seasonality to save gold's baconWe're at that time of the year that gold tends to outperform. Yet with bigger drivers behind the wheel, I doubt that gold's 5% rebound will extend through to December. In fact, I'm now looking for short entries. Using stats from seasonality, ETF flows and market positioning, I outline my base for bears before highlighting key levels for them to consider.
MS.
